Which Stable coin is the Best for Investment This Year - page 4.

X-ray

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Quote from: Ronny29 on January 25, 2021, 08:12:15 AM

Stablecoins are not good for investments, because profit is so low.

No one will give you advice to use the stable coin as an investment because that's not the main purpose of stable coin. So many people are using the stable coin to earn the passive income from the dividend and lending service.
You can't expect a huge gain from the stable coin caused by it's created to fix the volatility in crypto when people were not able sending their money with the stable value.

KennyR

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Stablecoins aren't meant for investment, because the value of will be the same today and after years. There might be very small deviation in the market, but we can't expect big rise in the market. These stablecoins play a big role in the trading practice. Came across a thread Trader made 89% profit in minutes. Have anyone experienced it..?where an user made a big profit trading stablecoins.

taunitsed

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Quote from: sophwest on January 25, 2021, 01:36:36 AM

Quote from: taunitsed on January 20, 2021, 05:18:49 PM

are u really think that stablecoins are created for investment?)) i always thought they are used mostly for backing up risks of cryptoinvestors... for investing is better to check defi for now or new dex projects (as a suggest)

also don't understand the concept of investing in stablecoins- usually we mitigate risks of cryptoinvesting with stablecoins. i prefer to invest for profit in dex projects, too

besides, just found new dex project - xsigma. looks credible - they have a good business model

Ronny29

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Stablecoins are not good for investments, because profit is so low.

kenelmark

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Quote from: Actis on January 25, 2021, 05:40:24 AM

This is exactly what am I thinking when I read this, you cant gain from holding a stablecoin since the price is stable and doesnt have volatility.. Obviously the best Stablecoin too would be USDT and TrueUSD

Basically all stablecoin tokens are good and have no volatility because their value is always stable and refers to the value of the USD currency in general, this is something that many people have known in the past.

trauchot

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If you just want to hold your investments in stable coins when the cryptocurrency market falls, then, there is a very huge selection of stable coins with a good reputation and, of course, with great popularity, for example, I constantly keep my investments in usdt or dai, stable coin busd is also in great demand and this is only a small list of stable coins, and there are a lot of them and you can find several stable coins for yourself in which you can hold your investments.

Actis

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Quote from: Francis Freeman on August 10, 2020, 02:32:50 AM

I don't get what the OP means . The name stable coin says that they are stable with some form of Fiat mostly USD . So you are not getting anything by investing in stable coins.

This is exactly what am I thinking when I read this, you cant gain from holding a stablecoin since the price is stable and doesnt have volatility.. Obviously the best Stablecoin too would be USDT and TrueUSD

takngantuk

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what's the point of investing in stablecoins ?. won't the price remain stable at any time. The OP should replace the title with "good stablecoins to use". and for me for now a good one to use is USDT (tether) because it is almost on all exchanges. so I have no trouble moving funds from one exchange to another.

msarro

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I'm not really sure if it's worth investing in stable coins, was that profitable? I look at it as an alternative to USD to buy and sell Bitcoin but investment to it was not really an option for me I think it's much more profitable if you would buy altcoin using stable coins.

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Quote from: Miaallen on August 16, 2020, 09:45:31 AM

Among all the stable coins stated above, USDT and USDC still remain the most trusted one by all and sundries in the cryptocurrency community.

Although USDT and USDC are the most trusted, it is not possible to make much profit by investing in them. There are many more good coins like DOT, LINK, LTC, ETH can be invested in these to make a good profit. Because we see that even though the price of Bitcoin is stable, the price of these coins is slowly increasing. So I think in 2021 these coins can be chosen for investment.

tvplus006

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Quote from: RussianEnglishTranslation on January 25, 2021, 03:09:11 AM

You do know that stable coins are supposed to not appreciate in value right? It's in the name. You can make money with stablecoins if you deposit them in DeFi platforms like mSTABLE.

Indeed, by placing stablecoins in liquidity pools, you can get a very good profit. But the main purpose of creating such coins is to be able to fix the profit that you get from investing in cryptocurrency. And for this, it is best to use decentralized stable coins, such as DAI.

KimmyF

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None of these stable coins are the best investments this year. Stable coins freeze your money from becoming vanished. From the last bullrun to now, none of this stable was good. Titan coins should be out of these topics although OP always tried to make them topics. I don't know why the Titan coin can be a stable coin even though the volume is now only 95 USD.

RussianEnglishTranslation

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You do know that stable coins are supposed to not appreciate in value right? It's in the name. You can make money with stablecoins if you deposit them in DeFi platforms like mSTABLE.

sophwest

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Quote from: taunitsed on January 20, 2021, 05:18:49 PM

are u really think that stablecoins are created for investment?)) i always thought they are used mostly for backing up risks of cryptoinvestors... for investing is better to check defi for now or new dex projects (as a suggest)

also don't understand the concept of investing in stablecoins- usually we mitigate risks of cryptoinvesting with stablecoins. i prefer to invest for profit in dex projects, too

Handsome Boy

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in my opinion there is no stable coin that is good for investment, because you will not get profit from investing in stable coin and our goal to invest in cryptocurrency is to get profit (not to keep our money stable), so my advice is if you want to invest in cryptocurrency, then you better not invest in stable coin, because you only spend time to investing in cryptocurrency without making a profit.

taunitsed

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are u really think that stablecoins are created for investment?)) i always thought they are used mostly for backing up risks of cryptoinvestors... for investing is better to check defi for now or new dex projects (as a suggest)

helloinox

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I don't invest in stablecoin if you know what I mean. If I want to use stablecoin for its usefulness in some case then it must be the USDT. BUSD also look like it has some goal other than just a stablecoin.

lixer

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Quote from: coinfinger on August 13, 2020, 02:02:17 PM

I read recently a Russian bank to launch a stablecoin. So, we are going to have plenty of choices but unfortunately what we invest will remain the same in FIAT value Cool

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Stablecoins are not for investments. They are here for different purposes. People who do not fully understand the purpose of stablecoins must need to stay away from it rather than considering it to be part of their portfolio. When you buy big amount of stablecoins with the dream of making tons of money out of it, only disappointments will be the final result.

I am not sure about the level of awareness of OP to start this topic. But definitely this is misguiding people here. Stablecoins are not for investments by any means.

I could tell you personally from a friend in Russia that anything that is a law in Russia could be removed from law tomorrow, and anything that is legal today could be illegal tomorrow, anything illegal today could be legal tomorrow. They are run with a dictatorship and a ruler that is basically running the whole nation as his playground, so he could make crypto legal, he could make it illegal, banks could have stablecoins and will be allowed to do so, and tomorrow they could be banned and jailed and beaten and found commit suicide with two shots to back of their head.

So at the end of the day when Russia's biggest bank "considers" anything, that only means they want to do it but they are not sure what Putin will think about it and if he will allow them to do it or not.

setifien19

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I've heard about a new project (which is the pre-sale stage I think), its name is GSX and it is being developed by Appolo Fintech.
Its current price is 0.046 usd and it's said it will grow 500% within 2021

saint_casanova

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Quote from: Denamen on August 15, 2020, 10:57:15 PM

Quote from: Om.monata on August 15, 2020, 06:19:15 PM

USDT has long been in crypto to be a stable coin. stable coins are good for safe investment where we can avoid big losses, because stable coins don't have drastic price drops

USDT, USDC, TUSD are 3 stable coins worth 1$ and never change no matter what bad news appears. In general there is nothing to worry about as most major exchanges use stable coins for trading and it is completely safe to choose to hold. I usually use USDT the most as this coin can help me switch to Fiat at any time and of course I feel better when my USDT rises.

Does USDT really rise? I thought it was stablecoin so being stable to USD value as much as possible. To me, every USDT is the same so I always go for the one with the highest cap which is USDT so almost everyone as me too. I don't know why you guys want to invest in stablecoin instead of just a nomal crypto.

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